The? stockholders' equity for Frazzle Dazzle ?Drive-Ins (FD) on July 15, 2015, ?follows:

On July 15?, 2015?, the market price of FD common stock was $14 per share. Assume FD declared and distributed a 25?% stock dividend on this date.

1. Journalize the declaration and distribution of the 25?% stock dividend. ?(Record debits? first, then credits. Exclude explanations from any journal? entries.)

2. Prepare the? stockholders' equity section of the balance sheet after the stock dividend.

Stockholders' Equity Common stock, $0.10 par, 3,000,000 shares authorized, 700,000 issued Paid-in capital in excess of par-common Retained earnings Accumulated other comprehensive income (loss) $70,000 1,506,773 7,500,000 (185,000) $ 8,891,773 in excess of par-common Total stockholders' equity